JPMorgan Chase & Co. upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a neutral rating to an overweight rating in a research note released on Friday, Marketbeat reports.

Separately, Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a hold rating to a sell rating in a research note on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $6.75.

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Shares of TKC stock opened at $6.59 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.56 and a quick ratio of 1.55. The company has a market capitalization of $5.80 billion, a P/E ratio of 8.45 and a beta of 0.49. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $11.29.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.19. The business had revenue of $993.40 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.65% and a net margin of 7.04%. As a group, analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.65 earnings per share for the current year.

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 26th. Shareholders of record on Tuesday, December 18th were given a dividend of $0.115 per share. The ex-dividend date was Monday, December 17th. This represents a yield of 2.09%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is currently 41.03%.

A number of institutional investors and hedge funds have recently made changes to their positions in TKC. Navellier & Associates Inc raised its position in Turkcell Iletisim Hizmetleri A.S. by 89.7% during the fourth quarter. Navellier & Associates Inc now owns 5,280 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 2,497 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at approximately $88,000. Virtu Financial LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at approximately $104,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at approximately $137,000. Finally, Capital Innovations LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at approximately $288,000. Institutional investors and hedge funds own 3.61% of the company’s stock.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.